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Cognitive Supplements Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Cognitive Supplements Market Size By 2025?
The dimension of the cognitive supplements market has expanded at an accelerated pace in the past few years. The market, presently valued at $0.48 billion in 2024, is expected to surge to $0.55 billion in 2025, with a compound annual growth rate (CAGR) of 13.9%. The swift expansion during the historic era is a result of heightened consciousness regarding cognitive health benefits, a surge in instances of aging, the acceptance of nootropics and intelligent medications, a boost in consumer curiosity, and elevated stress levels.
How Big Is the Cognitive Supplements Market Size Expected to Grow by 2029?
The market size for cognitive supplements is predicted to experience substantial growth in the upcoming years. By 2029, it is set to increase to $0.91 billion, signifying a compound annual growth rate (CAGR) of 13.5%. Factors contributing to this growth during the forecast period include an increased number of neurological disorders, the broader reach of e-commerce platforms, heightened consumer interest in mental health, higher levels of disposable income, and the expansion of retail networks and pharmacies. Significant trends for the forecast period encompass the rise of new technologies, the use of nootropic supplements, a shift towards natural and herbal ingredients, the acceptance of subscription-based models, and an emphasis on sustainable sourcing.
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Which Key Market Drivers Powering Cognitive Supplements Market Expansion and Growth?
The rise in the number of elderly individuals is projected to catalyze the expansion of the cognitive supplement market. This demographic trend, termed 'aging population', signifies a substantial rise in the ratio or total number of aged individuals in a society. Factors such as lower birth rates, enhancements in healthcare, medical innovations that lengthen life expectancy, and demographic evolution towards senior age groups contribute to the rising aging population. Cognitive supplements can cater to the requirements of an aging society by enhancing cognitive efficiency, memory, and general brain wellbeing. The Population Reference Bureau, an American nonprofit entity, predicted in January 2024 that the count of Americans aged 65 and above is set to rise from 58 million in 2022 to 82 million in 2050. Hence, the rising aging population is fueling the cognitive supplement market's expansion.
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Which Fast-Growing Trends Are Poised to Disrupt the Cognitive Supplements Market?
Leading firms in the cognitive supplements market are providing tailored cognitive health solutions like subscription-based models. These models are designed to address individual needs and preferences while guaranteeing easy access to supplements and boosting customer satisfaction and loyalty. A subscription-based model is a business structure where consumers subscribe to a periodic delivery service to get their cognitive supplements regularly, usually every month or quarter. For instance, in May 2022, Estrid, a health and wellness firm from Sweden, rolled out April. This wellness brand merges contemporary science with traditional herbal medicines to deliver a vegan, subscription-based supplement line. The brand's goal is to simplify everyday wellness routines and make them enjoyable. It has worked with leaders, medical professionals, dietitians, and herbalists in the UK industry to develop products, select ingredients, and uphold sustainability commitments. The subscription model provides three supplements, namely Multi-Me for cognitive function and energy, Glow Service for collagen production, and Club Calm for psychological aid.
What Are the Emerging Segments in the Cognitive Supplements Market?
The cognitive supplements market covered in this report is segmented -
1) By Product Type: Natural Molecules, Herbal Extract, Vitamins And Minerals
2) By Form: Chewable, Capsules
3) By Distribution Channel: Super market, Medical Stores, Online Retail Stores, Other Distribution Channels
Subsegments:
1) By Natural Molecules: Omega-3 Fatty Acids, Phosphatidylserine, Acetyl-L-Carnitine, Ginkgo Biloba
2) By Herbal Extract: Rhodiola Rosea, Bacopa Monnieri, Panax Ginseng, Ashwagandha
3) By Vitamins And Minerals: Vitamin B Complex, Vitamin D, Magnesium, Zinc
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Who Are the Global Leaders in the Cognitive Supplements Market?
Major companies operating in the cognitive supplements market report are Amway Corporation; Lonza Group AG; Glanbia PLC; Herbalife Nutrition Ltd.; Swanson Health Products; NOW Health Group Inc.; Thorne Healthtech Inc.; Life Extension; Jarrow Formulas Inc.; MegaFood; Natural Factors Inc.; Integrative Therapeutics; Gaia Herbs; Solgar Inc; Nordic Naturals; Liquid Health Inc.; Doctor's Best Inc; Onnit Labs Inc.; Nature's Bounty Co.; Carlson Labs; HVMN Inc.; Vital Nutrients Inc.; Douglas Laboratories; Source Naturals; Garden of Life
Which are the Top Profitable Regional Markets for the Cognitive Supplements Industry?
North America was the largest region in the cognitive supplements market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cognitive supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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